Cramer: Hewlett Packard Is A 'Very Inexpensive' Stock, Likes This Big Tech Stock

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Hewlett Packard Enterprise Company HPE is a “very inexpensive stock, and I am inclined down here at $17 to be as positive as you are.”

Hewlett Packard Enterprise CEO Antonio Neri recently defended the company's decision to continue its $4 billion lawsuit against the estate of Mike Lynch, following the tech magnate's recent death.

Cramer also likes Microsoft Corporation MSFT. The Redmond, Washington-based tech giant announced a new share repurchase program worth up to $60 billion.

Microsoft also declared a quarterly dividend of 83 cents per share, marking a 10% increase from the previous quarter.

NextEra Energy, Inc. NEE is a “red hot stock, but the cohort's red hot. I don't think it's done, I think it can go higher.”

On Sept. 3, Wells Fargo analyst Neil Kalton maintained NextEra Energy with an Overweight rating and raised the price target from $95 to $102.

Cramer said Alight, Inc. ALIT has not been able to make money so far. “I want to see that company actually make money before I opine on it,” he added.

On Aug. 26, Alight named Dave Guilmette as Chief Executive Officer and reiterated its 2024 second half business outlook.

Herbalife Ltd. HLF has no growth and he doesn't want to touch it. “Too controversial, too crazy. Let's move on,” he added.

On July 31, Herbalife reported worse-than-expected second-quarter revenue results and lowered its FY24 revenue growth below estimates.

Price Action:

• NextEra Energy shares slipped 0.01% to settle at $84.64 on Monday.
• Alight shares rose 0.7% to close at $7.28 during Monday's session.
• Herbalife shares fell 4.9% to settle at $7.06.
• Microsoft shares rose 0.2% to close at $431.34 on Monday.
• Hewlett Packard shares gained 0.5% to settle at $17.23 on Monday.

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